City Union Bank has started the introduction of more of modern technology to its banking system to expand its business and also to facilitate the customers. The bank customers will now be able to open deposit accounts online.
The Executive President of City Union Bank Dr. N Kamakodi said “The idea struck when I noticed that people by and large went for online booking of rail tickets. So, we decided to offer our entire gamut of services on the electronic platform, except for say, operating the locker, which obviously requires the physical presence of the account holder.”
The customers will be given option to transfer funds from their saving account to their deposit account. Apart from that the customers will be allowed to avail loans against those deposits.
He also said “The response has been phenomenal and quite unexpected, considering that we did not advertise about this offering. It was there on our site though. Within a week of its introduction, our online collection of term deposits swelled to about Rs 1 crore.”
The bank has also tied with the State Electricity Board, after the development the customers can pay their electricity bills online. According to the bank the practice is gaining popularity amongst customers.
Dr. Kamakodi said “We find that more and more people from rural pockets are now comfortably using Netbanking services,”
No comments:
Post a Comment